DGFT gives clarification on discharge of export obligation of Advance Authorisation
DGFT gives clarification on discharge of export obligation of the Advance Authorisation by making physical exports or by making domestic supplies.
This is further clarified as follows:
- Advance Authorisation Holder holding an Advance Authorisation issued on or after 1st April, 2015, has option to fulfill the export obligation either by physical exports or by making domestic supplies i.e. Supply of goods against Advance Authorisation or Advance Authorisation for annual requirement or DFIA.
- As per the harmonious reading of Para 4.14 of the Foreign Trade Policy 2015-2020, it is clarified that Advance Authorisation Holder holding an Advance Authorisation issued on or after 10th January, 2019, has options as follows:
- To fulfill the export obligation either by physical exports or by making domestic supplies i.e. Supply of goods against Advance Authorisation or Advance Authorisation for annual requirement or DFIA.
- To make supplies i.e. supply of goods to EOU or STP or EHTP or BTP.
- To make supplies i.e. supply of capital goods against EPCG authorisation provided exemption from payment of applicable Anti-Dumping Duty, Countervailing Duty, Safeguard Duty and Transition Product Specific Safeguard Duty if any has not been availed.
- Similarly Advance Authorisation Holder holding an Advance Authorisation for deemed export issued only for above mentioned supplies with above stipulated conditions has an option to fulfill their export obligation either by way of supplies or by making physical exports.
DGFT
Legal
Company Secretarial
DGFT Notifications
Others
Recent Posts
- Launch of the Revamped Preferential Certificate of Origin (eCoO) 2.0 System.
- Extension of Broken Rice Export to Senegal and Gambia through NCEL: What It Means for Traders.
- Extension of Deadline for Filing Quarterly and Annual Returns for EPR E-Waste
- Extension Announced for Filing Quarterly and Annual Returns under Waste Tyre EPR Rules.
- The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes.
- Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government
- DGFT introduces new compliance requirement of submitting Annual Returns for RODTEP Scheme
- Import of Pocket Lighter Parts Now Restricted
FeATURED ARTICLES
Launch of the Revamped Preferential Certificate of Origin (eCoO) 2.0 System. The Directorate General of Foreign Trade (DGFT) has launched…
Extension of Broken Rice Export to Senegal and Gambia through NCEL: What It Means for Traders. The export of Broken…
The CHIP Import Monitoring System (CHIMS) has been officially discontinued by the central government to streamline import processes. Central Government…
Minimum Export Price for Exporting Non-Basmati Rice has been lifted by the Central Government The Central Government makes amendment in…
